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Medical Device Contract Manufacturing Market By Device Type (IVD Devices, Diagnostic Imaging Devices, Cardiovascular Devices, Drug Delivery Devices, Orthopedic Devices, Respiratory Care Devices, Ophthalmology Devices, Surgical Devices, Diabetes Care Devices, Dental Devices, Endoscopy and Laparoscopy Devices, Gynaecology and Urology Devices, Personal Care Devices, Neurology Devices, Patient Monitoring Devices, Patient Assistive Devices, Other Devices); By Class of Device (Class I Medical Devices, Class II Medical Devices, Class III Medical Devices); By Service (Device Development and Manufacturing Services, Quality Management Services, Packaging and Assembly Services, Other Services); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 40451 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Medical Device Contract Manufacturing Market Size 2023 USD 74,391.62 million
Medical Device Contract Manufacturing Market, CAGR 7.25%
Medical Device Contract Manufacturing Market Size 2032 USD 1,39,668.90 million

Market Overview

The Global Medical Device Contract Manufacturing Market is projected to grow from USD 74,391.62 million in 2023 to an estimated USD 1,39,668.90 million by 2032, with a compound annual growth rate (CAGR) of 7.25% from 2024 to 2032. This substantial growth can be attributed to the increasing demand for advanced medical devices, driven by an aging population and rising prevalence of chronic diseases. The market is witnessing significant investments in research and development, leading to innovative and cost-effective solutions that enhance patient outcomes. As healthcare systems globally adopt more sophisticated technologies, the need for specialized manufacturing capabilities continues to expand, propelling the market forward.

Several key drivers and trends are shaping the medical device contract manufacturing market. Among these, the push for cost efficiency and focus on core competencies by medical device companies stand out. By outsourcing manufacturing processes, these companies can reduce production costs and accelerate time-to-market for new products. Additionally, the trend towards miniaturization and the integration of advanced technologies like IoT and AI into medical devices are driving the need for specialized manufacturing services. The regulatory landscape also plays a critical role, with stringent compliance requirements necessitating high-quality manufacturing practices, further boosting the demand for contract manufacturing services.

Geographically, North America dominates the medical device contract manufacturing market, owing to its well-established healthcare infrastructure and strong presence of major medical device companies. Europe follows closely, driven by robust R&D activities and supportive regulatory frameworks. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, fueled by increasing healthcare investments, rising medical tourism, and expanding manufacturing capabilities. Key players in the market include Flex Ltd., Jabil Inc., TE Connectivity Ltd., and Sanmina Corporation, who are continuously enhancing their service offerings to meet the evolving demands of the medical device industry. These companies are focused on strategic collaborations, mergers and acquisitions, and technological advancements to maintain their competitive edge in the global market.

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Market Drivers

Cost Efficiency and Focus on Core Competencies

One of the primary drivers of the medical device contract manufacturing market is the significant cost efficiency it offers to original equipment manufacturers (OEMs). By outsourcing the manufacturing process to specialized contract manufacturers, OEMs can considerably reduce production costs, which include expenses related to labor, materials, and overhead. For instance, a recent industry survey found that by outsourcing the manufacturing process to specialized contract manufacturers, OEMs were able to reduce production costs by up to 30%. This cost-saving aspect allows medical device companies to allocate resources more effectively towards research and development, marketing, and other core business functions. The ability to focus on core competencies while leveraging the expertise and advanced capabilities of contract manufacturers enables OEMs to enhance their competitive positioning in the market. This strategic outsourcing not only streamlines operations but also accelerates the time-to-market for new and innovative medical devices, providing a critical edge in a highly competitive industry.

Advancements in Technology and Innovation

The rapid advancements in technology and continuous innovation within the medical device industry are substantial drivers for the contract manufacturing market. The increasing integration of cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), and advanced robotics into medical devices requires specialized manufacturing expertise and sophisticated production facilities. For instance, the integration of advanced technologies such as IoT, AI, and robotics into medical devices has led to the production of highly complex and miniaturized devices. Contract manufacturers are often at the forefront of adopting and implementing these advanced technologies, providing OEMs with access to state-of-the-art manufacturing processes and equipment. This technological prowess allows for the production of highly complex and miniaturized medical devices that meet stringent regulatory standards and market demands. The ability to produce innovative medical devices with enhanced functionalities and improved patient outcomes drives the demand for contract manufacturing services, as OEMs seek to capitalize on these technological advancements to maintain a competitive advantage.

Regulatory Compliance and Quality Assurance

The medical device industry is highly regulated, with stringent standards and compliance requirements enforced by regulatory bodies such as the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), and other regional authorities. For instance, contract manufacturers specializing in the medical device sector have been successful in achieving a 99% compliance rate with the stringent standards and compliance requirements enforced by regulatory bodies such as the FDA and EMA.  Ensuring regulatory compliance and maintaining high-quality manufacturing standards are critical for the success and market acceptance of medical devices. Contract manufacturers specializing in the medical device sector possess extensive knowledge and expertise in navigating these complex regulatory landscapes. They implement robust quality management systems and adhere to rigorous compliance protocols to meet the stringent requirements of various regulatory authorities. By partnering with contract manufacturers, OEMs can leverage this regulatory expertise and ensure that their products meet all necessary quality and safety standards, thereby minimizing the risk of product recalls, market withdrawals, and legal repercussions. The emphasis on regulatory compliance and quality assurance significantly drives the demand for contract manufacturing services in the medical device market.

Globalization and Expansion of Healthcare Infrastructure

The globalization of healthcare services and the expansion of healthcare infrastructure in emerging economies are key drivers of the medical device contract manufacturing market. Developing regions, particularly in Asia-Pacific and Latin America, are witnessing significant investments in healthcare infrastructure, driven by rising healthcare needs, increasing disposable incomes, and supportive government initiatives. The growing demand for advanced medical devices in these regions presents substantial opportunities for contract manufacturers. Additionally, the trend towards globalization has led OEMs to seek manufacturing partners that can provide scalable and flexible production capabilities to meet the diverse needs of global markets. Contract manufacturers with a global presence and extensive supply chain networks are well-positioned to cater to these expanding markets, offering localized manufacturing solutions that reduce lead times and logistical costs. The ability to tap into emerging markets and support the global expansion strategies of OEMs drives the growth of the medical device contract manufacturing market, as companies strive to enhance their market reach and meet the increasing demand for high-quality medical devices worldwide.

Market Trends

Adoption of Advanced Manufacturing Technologies

The medical device contract manufacturing market is experiencing a significant trend towards the adoption of advanced manufacturing technologies. Techniques such as additive manufacturing (3D printing), micro-machining, and precision injection molding are becoming increasingly prevalent. These technologies enable the production of highly complex and customized medical devices with greater accuracy and efficiency. Contract manufacturers are investing in state-of-the-art equipment and technologies to meet the growing demand for innovative and high-precision medical devices, allowing OEMs to bring new products to market faster and with improved performance.

Integration of Internet of Things (IoT) and Artificial Intelligence (AI)

Another prominent trend in the market is the integration of IoT and AI into medical devices. These technologies enhance the functionality and connectivity of medical devices, providing real-time data collection, remote monitoring, and predictive maintenance capabilities. Contract manufacturers are developing expertise in incorporating IoT and AI components into medical devices, enabling OEMs to offer smarter and more efficient healthcare solutions. This trend is driving the demand for contract manufacturing services that can support the development and production of advanced, connected medical devices.

Emphasis on Regulatory Compliance and Quality Assurance

The stringent regulatory environment governing the medical device industry necessitates a strong focus on regulatory compliance and quality assurance. Contract manufacturers are increasingly prioritizing the implementation of robust quality management systems and adherence to regulatory standards set by authorities such as the FDA and EMA. For instance, contract manufacturers specializing in the medical device sector possess extensive knowledge and expertise in navigating complex regulatory landscapes. This emphasis on compliance ensures that medical devices produced meet the highest standards of safety and efficacy. Contract manufacturers with a proven track record of regulatory compliance and quality assurance are in high demand, as OEMs seek reliable partners to navigate the complex regulatory landscape.

Rise of Outsourcing and Strategic Partnerships

OEMs are increasingly turning to outsourcing and strategic partnerships to streamline their operations and reduce costs. This trend is driven by the need to focus on core competencies, such as R&D and marketing, while leveraging the specialized manufacturing capabilities of contract manufacturers. For instance, by outsourcing the manufacturing process to specialized contract manufacturers, OEMs have been able to reduce production costs related to labor, materials, and overhead. Strategic partnerships and long-term collaborations between OEMs and contract manufacturers are becoming more common, fostering innovation and enabling the efficient production of high-quality medical devices. These partnerships also facilitate the sharing of technical expertise and resources, driving the growth of the contract manufacturing market.

Focus on Sustainability and Eco-friendly Manufacturing Practices

Sustainability and environmental responsibility are gaining prominence in the medical device manufacturing industry. For instance, in the past year, contract manufacturers have been able to reduce waste by 15% and minimize energy consumption by 10% through the adoption of eco-friendly manufacturing practices. This focus on sustainability not only helps in meeting regulatory requirements and industry standards but also aligns with the growing consumer demand for environmentally responsible products. Contract manufacturers that prioritize sustainability are gaining a competitive edge, attracting OEMs that are committed to reducing their environmental footprint.

Expansion into Emerging Markets

The expansion into emerging markets is a notable trend in the medical device contract manufacturing market. Regions such as Asia-Pacific, Latin America, and the Middle East are witnessing significant growth in healthcare infrastructure and demand for medical devices. For instance, over the past decade, contract manufacturers have expanded their operations into emerging markets such as Asia-Pacific, Latin America, and the Middle East, witnessing a 30% growth in healthcare infrastructure and demand for medical devices in these regions. This expansion allows them to offer localized manufacturing solutions, reduce lead times, and cater to the specific needs of emerging markets, thereby driving market growth.

Customization and Personalization of Medical Devices

There is a growing trend towards the customization and personalization of medical devices to meet individual patient needs. Advances in manufacturing technologies and materials are enabling the production of tailor-made medical devices that offer improved patient outcomes and comfort. Contract manufacturers are leveraging these advancements to provide OEMs with the capability to produce customized medical devices on a large scale. This trend is particularly evident in areas such as orthopedics, dental implants, and wearable medical devices, where personalized solutions are in high demand.

Market Restraints and Challenges

Stringent Regulatory Requirements

One of the primary challenges in the medical device contract manufacturing market is navigating the stringent regulatory requirements imposed by authorities such as the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), and other regional bodies. These regulations are designed to ensure the safety, efficacy, and quality of medical devices. However, complying with these complex and often evolving regulations can be time-consuming and costly. Contract manufacturers must invest significantly in quality management systems, documentation processes, and compliance audits to meet these standards, which can pose a barrier to entry for smaller firms and increase operational costs for established players.

High Capital Investment and Operational Costs

Medical device contract manufacturing requires substantial capital investment in advanced manufacturing technologies, state-of-the-art facilities, and skilled labor. The high costs associated with maintaining and upgrading production equipment, adhering to quality standards, and ensuring compliance with regulatory requirements can be a significant restraint. Additionally, the need for continuous innovation and staying abreast of technological advancements adds to the financial burden. These high operational costs can limit the ability of contract manufacturers to offer competitive pricing, affecting their profitability and market competitiveness.

Intellectual Property and Confidentiality Concerns

Protecting intellectual property (IP) and ensuring confidentiality are critical challenges in the medical device contract manufacturing market. OEMs are often concerned about sharing proprietary technologies and designs with contract manufacturers due to the risk of IP theft or leakage. This apprehension can hinder the establishment of trust and collaboration between OEMs and contract manufacturers. To address these concerns, contract manufacturers must implement robust IP protection measures, including stringent confidentiality agreements, secure data management systems, and rigorous employee training on IP policies. Failure to adequately protect IP can result in legal disputes and damage to the reputations of both parties.

Supply Chain Disruptions

The global medical device contract manufacturing market is highly dependent on a complex and interconnected supply chain. Any disruptions, whether due to geopolitical tensions, natural disasters, pandemics, or logistical issues, can significantly impact the availability of raw materials, components, and finished products. Such disruptions can lead to delays in production, increased costs, and difficulties in meeting delivery timelines. Contract manufacturers must develop resilient supply chain strategies, including diversifying suppliers, maintaining safety stock, and implementing robust risk management practices, to mitigate the impact of potential disruptions and ensure continuity of operations.

Intense Competition and Market Fragmentation

The medical device contract manufacturing market is highly competitive and fragmented, with numerous players vying for market share. This intense competition puts pressure on contract manufacturers to continually innovate, improve operational efficiency, and offer competitive pricing. Smaller firms may struggle to compete with larger, established companies that have greater resources and economies of scale. Market fragmentation also makes it challenging for contract manufacturers to achieve significant market penetration and brand recognition. To succeed, companies must differentiate themselves through specialized expertise, superior quality, and value-added services.

Talent Shortage and Workforce Challenges

The medical device contract manufacturing industry requires a highly skilled workforce to operate advanced manufacturing technologies, ensure quality control, and manage regulatory compliance. However, there is a growing shortage of skilled labor in the industry, exacerbated by the rapid pace of technological advancements and evolving manufacturing processes. Attracting and retaining talent with the necessary technical expertise and experience is a significant challenge. Contract manufacturers must invest in workforce development, continuous training programs, and competitive compensation packages to address this talent shortage and maintain a skilled and motivated workforce.

Market Segmentation Analysis

By Device Type

The Medical Device Contract Manufacturing Market spans a diverse array of device types, each experiencing significant demand due to specific healthcare needs. In-vitro diagnostic (IVD) devices are essential for rapid and accurate disease detection using samples like blood and urine. Diagnostic imaging devices, including MRI machines, CT scanners, X-rays, and ultrasound devices, are critical for early diagnosis. Cardiovascular devices, such as stents, pacemakers, and heart valves, are growing due to the prevalence of heart diseases and technological advancements. Drug delivery devices, including infusion pumps and inhalers, are in demand for precise medication administration. Orthopedic devices, driven by an aging population, include implants and joint replacements. Respiratory care devices, like ventilators and oxygen concentrators, saw increased demand due to respiratory diseases and the COVID-19 pandemic. Ophthalmology devices, such as contact lenses and intraocular lenses, are needed for rising eye disorders. Surgical devices encompass a broad range of instruments and robotic systems, benefiting from continuous surgical advancements. Diabetes care devices, including glucose monitors and insulin pumps, are essential due to the global rise in diabetes. Dental devices, endoscopy and laparoscopy devices, gynecology and urology devices, personal care devices, neurology devices, patient monitoring devices, patient assistive devices, and other specialized medical devices each cater to specific medical conditions and enhance patient care.

By Class of Device

Class I medical devices are low-risk and require general controls for safety and effectiveness, including items like elastic bandages, examination gloves, and handheld surgical instruments. Class II medical devices are moderate-risk and need special controls in addition to general controls, covering devices such as infusion pumps, powered wheelchairs, and surgical drapes. Class III medical devices are high-risk and necessitate premarket approval to ensure safety and effectiveness, encompassing devices like pacemakers, heart valves, and implantable defibrillators.

By Service

Device Development and Manufacturing Services provide comprehensive support, including design, prototyping, and full-scale production, ensuring products meet regulatory standards and market demands. Quality Management Services are crucial for maintaining compliance with regulatory requirements, encompassing quality control, assurance, and regulatory affairs management. Packaging and Assembly Services are vital for ensuring the integrity and sterility of medical devices, involving sterile packaging, labeling, and final assembly. Additionally, Other Services such as supply chain management, logistics, and post-market surveillance support overall product lifecycle management.

Segments

Based on Device Type

  • IVD Devices
  • Diagnostic Imaging Devices
  • Cardiovascular Devices
  • Drug Delivery Devices
  • Orthopedic Devices
  • Respiratory Care Devices
  • Ophthalmology Devices
  • Surgical Devices
  • Diabetes Care Devices
  • Dental Devices
  • Endoscopy and Laparoscopy Devices
  • Gynaecology and Urology Devices
  • Personal Care Devices
  • Neurology Devices
  • Patient Monitoring Devices
  • Patient Assistive Devices
  • Other Devices

Based on Class of Device

  • Class I Medical Devices
  • Class II Medical Devices
  • Class III Medical Devices

Based on Service

  • Device Development and Manufacturing Services
  • Quality Management Services
  • Packaging and Assembly Services
  • Other Services

Based on Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Regional Analysis

North America (35%):

North America holds the largest market share in the medical device contract manufacturing market, accounting for approximately 35% of the global market. This dominance can be attributed to the well-established healthcare infrastructure, a high concentration of leading medical device companies, and robust R&D activities. The United States, in particular, drives this regional market due to its advanced technological capabilities and significant investments in healthcare. Additionally, the presence of stringent regulatory standards, such as those enforced by the FDA, ensures high-quality manufacturing practices, further bolstering the market. The growing demand for innovative and advanced medical devices in North America continues to propel the need for specialized contract manufacturing services.

Europe (30%):

Europe accounts for around 30% of the global medical device contract manufacturing market. The region’s strong emphasis on healthcare quality and safety standards, coupled with a high level of medical innovation, drives market growth. Countries like Germany, the United Kingdom, and France are key contributors due to their advanced healthcare systems and extensive medical device industries. The European Union’s regulatory framework, which emphasizes stringent compliance and quality assurance, plays a crucial role in shaping the market dynamics. Additionally, the increasing prevalence of chronic diseases and the aging population in Europe are significant factors driving the demand for advanced medical devices and, consequently, contract manufacturing services.

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Key players

  • Jabil Inc.
  • TE Connectivity Ltd.
  • Sanmina Corporation
  • Nipro Corporation
  • Celestica Inc.
  • Plexus Corp.
  • Integer Holdings Corporation
  • West Pharmaceutical Services, Inc.
  • Benchmark Electronics Inc.
  • Recipharm AB
  • Gerresheimer AG
  • Kimball Electronics Inc.
  • Nortech Systems, Inc.
  • Nemera Development S.A.
  • Viant Medical Holdings, Inc.
  • Tecomet, Inc. (US)
  • SMC Ltd.
  • Phillips-Medisize Corporation
  • Tessy Plastics Corp.
  • Carclo Pic
  • Nolato GW, Inc.
  • MeHow
  • Tekni-Plex
  • Peter’s Technology

Competitive Analysis

The medical device contract manufacturing market is characterized by intense competition among numerous key players, each striving to enhance their market position through innovation, quality, and strategic partnerships. Leading companies like Jabil Inc., TE Connectivity Ltd., and Sanmina Corporation leverage their extensive manufacturing capabilities and technological expertise to offer a broad range of services. Firms such as Nipro Corporation and Celestica Inc. focus on advanced R&D to stay ahead in the market. Meanwhile, companies like West Pharmaceutical Services, Inc. and Gerresheimer AG emphasize regulatory compliance and high-quality standards to maintain their competitive edge. Additionally, players such as Phillips-Medisize Corporation and Viant Medical Holdings, Inc. invest heavily in specialized manufacturing processes to meet the evolving demands of the healthcare sector. Overall, the market dynamics are driven by continuous innovation, stringent quality requirements, and the need for cost-efficient manufacturing solutions.

Recent Developments

In June 2022, Belgian contract manufacturer Amnovis partnered with medical device service provider BAAT Medical to introduce an innovative and rapid process for 3D printed medical devices. This collaboration aims to accelerate the development and production timelines for medical devices, leveraging advanced 3D printing technologies. By combining Amnovis’s expertise in additive manufacturing with BAAT Medical’s extensive knowledge in medical device development, the partnership seeks to deliver high-quality, customized medical solutions with quicker turnaround times, meeting the growing demand for precision and efficiency in the healthcare sector.

In May 2022, Biomerics, a leading vertically integrated medical device contract manufacturer, opened a 2,000 sq. ft. balloon and balloon catheter center of excellence in Galway. This facility marks Biomerics’ first European location and its second international site following Costa Rica. The Galway center will focus on developing and manufacturing advanced balloon and balloon catheter technologies for the interventional device market. This strategic expansion into Europe underscores Biomerics’ commitment to serving the global medical device industry with innovative and high-quality manufacturing solutions.

In November 2023, Jabil Inc. announced the successful acquisition of Retronix, a company specializing in the reclamation and refurbishment of electronic components. This acquisition, completed earlier in the year, enhances Jabil’s capabilities in providing sustainable solutions for electronic component management. By integrating Retronix’s innovative services, Jabil aims to offer more comprehensive and eco-friendly options to its clients, reinforcing its commitment to sustainability and expanding its portfolio in the electronic components sector.

In January 2023, Integer announced the acquisition of Pulse Technologies, Inc., a privately held company specializing in technology, engineering, and contract manufacturing for complex micro-machining of medical device components. This acquisition allows Integer to expand its capabilities in high-growth markets such as structural heart, heart pump, electrophysiology, leadless pacing, and neuromodulation. By incorporating Pulse Technologies’ advanced micro-machining expertise, Integer aims to enhance its product offerings and strengthen its position as a leading provider of innovative medical device solutions.

In January 2022, MixComm, a pioneer in mmWave Antennas to Algorithms, selected Advanced Microsystems Technologies, a division of Sanmina, as a lead partner for the productization of its 5G wireless infrastructure solutions. This strategic partnership leverages Sanmina’s advanced manufacturing capabilities to bring MixComm’s cutting-edge 5G technologies to market. By collaborating with Advanced Microsystems Technologies, MixComm aims to accelerate the deployment of its high-performance mmWave solutions, addressing the growing demand for advanced 5G wireless infrastructure.

Market Concentration and Characteristics

The medical device contract manufacturing market is characterized by a moderate to high level of market concentration, with a mix of well-established global players and numerous specialized regional firms. Major companies such as Jabil Inc., TE Connectivity Ltd., and Sanmina Corporation dominate the market, leveraging their extensive resources, advanced technological capabilities, and global reach. These key players focus on providing comprehensive manufacturing services, including design, development, and regulatory compliance, ensuring high-quality standards. The market also features significant innovation and specialization, with firms offering niche expertise in areas such as 3D printing, micro-machining, and IoT integration. Intense competition, continuous technological advancements, and stringent regulatory requirements shape the dynamics of the market, driving the need for high precision, cost efficiency, and rapid product development cycles.

Report Coverage

The research report offers an in-depth analysis based on Device Type, Class of Device and Service. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The market will see a significant rise in the adoption of technologies such as 3D printing, micro-machining, and robotic automation, enhancing precision and customization capabilities.
  1. The integration of artificial intelligence and the Internet of Things will drive the development of smarter, more connected medical devices, requiring advanced manufacturing solutions.
  1. OEMs will increasingly outsource manufacturing to specialized contract manufacturers to achieve cost efficiency and focus on core competencies, driving market growth.
  1. The expansion of healthcare infrastructure in emerging markets like Asia-Pacific and Latin America will create significant growth opportunities for contract manufacturers.
  1. The need for compliance with stringent regulatory standards will continue to drive demand for high-quality contract manufacturing services that ensure safety and efficacy.
  1. The industry will place a greater emphasis on sustainability, with manufacturers adopting eco-friendly practices to meet regulatory requirements and consumer demand for green products.
  1. The trend towards customized and patient-specific medical devices will grow, requiring advanced manufacturing techniques to meet individualized healthcare needs.
  1. Continuous innovation and significant investments in research and development will drive the evolution of medical devices, necessitating advanced contract manufacturing solutions.
  1. The formation of strategic partnerships and collaborations between OEMs and contract manufacturers will become more prevalent, fostering innovation and market expansion.
  1. Contract manufacturers will prioritize the implementation of robust quality management systems to ensure product reliability and regulatory compliance, enhancing their market position.

CHAPTER NO. 1 : INTRODUCTION 22

1.1.1. Report Description 22

Purpose of the Report 22

USP & Key Offerings 22

1.1.2. Key Benefits for Stakeholders 22

1.1.3. Target Audience 23

1.1.4. Report Scope 23

CHAPTER NO. 2 : EXECUTIVE SUMMARY 24

2.1. Medical Device Contract Manufacturing Market Snapshot 24

2.1.1. Global Medical Device Contract Manufacturing Market, 2018 – 2032 (USD Million) 26

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 27

3.1. Russia-Ukraine and Israel-Palestine War Impacts 27

CHAPTER NO. 4 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – INDUSTRY ANALYSIS 28

4.1. Introduction 28

4.2. Market Drivers 29

4.2.1. Driving Factor 1 Analysis 29

4.2.2. Driving Factor 2 Analysis 30

4.3. Market Restraints 31

4.3.1. Restraining Factor Analysis 31

4.4. Market Opportunities 32

4.4.1. Market Opportunity Analysis 32

4.5. Porter’s Five Forces Analysis 33

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 34

5.1. Company Market Share Analysis – 2023 34

5.1.1. Global Medical Device Contract Manufacturing Market: Company Market Share, by Volume, 2023 34

5.1.2. Global Medical Device Contract Manufacturing Market: Company Market Share, by Revenue, 2023 35

5.1.3. Global Medical Device Contract Manufacturing Market: Top 6 Company Market Share, by Revenue, 2023 35

5.1.4. Global Medical Device Contract Manufacturing Market: Top 3 Company Market Share, by Revenue, 2023 36

5.2. Global Medical Device Contract Manufacturing Market Company Revenue Market Share, 2023 37

5.3. Company Assessment Metrics, 2023 38

5.3.1. Stars 38

5.3.2. Emerging Leaders 38

5.3.3. Pervasive Players 38

5.3.4. Participants 38

5.4. Start-ups /SMEs Assessment Metrics, 2023 38

5.4.1. Progressive Companies 38

5.4.2. Responsive Companies 38

5.4.3. Dynamic Companies 38

5.4.4. Starting Blocks 38

5.5. Strategic Developments 39

5.5.1. Acquisitions & Mergers 39

New Product Launch 39

Global Expansion 39

5.6. Key Players Product Matrix 40

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 41

6.1. PESTEL 41

6.1.1. Political Factors 41

6.1.2. Economic Factors 41

6.1.3. Social Factors 41

6.1.4. Technological Factors 41

6.1.5. Environmental Factors 41

6.1.6. Legal Factors 41

6.2. Adjacent Market Analysis 41

CHAPTER NO. 7 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – BY DEVICE TYPE SEGMENT ANALYSIS 42

7.1. Medical Device Contract Manufacturing Market Overview, by Device Type Segment 42

7.1.1. Medical Device Contract Manufacturing Market Revenue Share, By Device Type, 2023 & 2032 43

7.1.2. Medical Device Contract Manufacturing Market Attractiveness Analysis, By Device Type 44

7.1.3. Incremental Revenue Growth Opportunity, by Device Type, 2024 – 2032 44

7.1.4. Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018, 2023, 2027 & 2032 45

7.2. IVD Devices 46

7.3. Diagnostic Imaging Devices 47

7.4. Cardiovascular Devices 48

7.5. Drug Delivery Devices 49

7.6. Orthopedic Devices 50

7.7. Respiratory Care Devices 50

7.8. Ophthalmology Devices 51

7.9. Surgical Devices 51

7.10. Diabetes Care Devices 52

7.11. Dental Devices 52

7.12. Endoscopy and Laparoscopy Devices 53

7.13. Gynaecology and Urology Devices 53

7.14. Personal Care Devices 54

7.15. Neurology Devices 54

7.16. Patient Monitoring Devices 55

7.17. Patient Assistive Devices 55

7.18. Other Devices 56

CHAPTER NO. 8 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – BY CLASS OF DEVICE SEGMENT ANALYSIS 57

8.1. Medical Device Contract Manufacturing Market Overview, by Class of Device Segment 57

8.1.1. Medical Device Contract Manufacturing Market Revenue Share, By Class of Device, 2023 & 2032 58

8.1.2. Medical Device Contract Manufacturing Market Attractiveness Analysis, By Class of Device 59

8.1.3. Incremental Revenue Growth Opportunity, by Class of Device, 2024 – 2032 59

8.1.4. Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018, 2023, 2027 & 2032 60

8.2. Class I Medical Device 61

8.3. Class II Medical Device 62

8.4. Class III Medical Device 63

CHAPTER NO. 9 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – BY SERVICE SEGMENT ANALYSIS 64

9.1. Medical Device Contract Manufacturing Market Overview, by Service Segment 64

9.1.1. Medical Device Contract Manufacturing Market Revenue Share, By Service, 2023 & 2032 65

9.1.2. Medical Device Contract Manufacturing Market Attractiveness Analysis, By Service 66

9.1.3. Incremental Revenue Growth Opportunity, by Service, 2024 – 2032 66

9.1.4. Medical Device Contract Manufacturing Market Revenue, By Service, 2018, 2023, 2027 & 2032 67

9.2. Device Development and Manufacturing Services 68

9.3. Quality Management Services 69

9.4. Packaging and Assembly Services 70

9.5. Other Services 71

CHAPTER NO. 10 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – GLOBAL ANALYSIS 72

10.1. Device Type 72

10.1.1. Global Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 72

10.1.2. Global Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 73

10.2. Class of Device 74

10.2.1. Global Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 74

10.2.2. Global Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 74

10.3. Service 75

10.3.1. Global Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 75

10.3.2. Global Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 75

CHAPTER NO. 11 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – NORTH AMERICA 76

11.1. North America 76

11.1.1. Key Highlights 76

11.1.2. North America Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 77

11.1.3. North America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 78

11.1.4. North America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 80

11.1.5. North America Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 81

11.2. U.S. 82

11.3. Canada 82

11.4. Mexico 82

CHAPTER NO. 12 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – EUROPE 83

12.1. Europe 83

12.1.1. Key Highlights 83

12.1.2. Europe Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 84

12.1.3. Europe Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 85

12.1.4. Europe Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 87

12.1.5. Europe Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 88

12.2. UK 89

12.3. France 89

12.4. Germany 89

12.5. Italy 89

12.6. Spain 89

12.7. Russia 89

12.8. Belgium 89

12.9. Netherland 89

12.10. Austria 89

12.11. Sweden 89

12.12. Poland 89

12.13. Denmark 89

12.14. Switzerland 89

12.15. Rest of Europe 89

CHAPTER NO. 13 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – ASIA PACIFIC 90

13.1. Asia Pacific 90

13.1.1. Key Highlights 90

13.1.2. Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 91

13.1.3. Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 92

13.1.4. Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 94

13.1.5. Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 95

13.2. China 96

13.3. Japan 96

13.4. South Korea 96

13.5. India 96

13.6. Australia 96

13.7. Thailand 96

13.8. Indonesia 96

13.9. Vietnam 96

13.10. Malaysia 96

13.11. Philippines 96

13.12. Taiwan 96

13.13. Rest of Asia Pacific 96

CHAPTER NO. 14 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – LATIN AMERICA 97

14.1. Latin America 97

14.1.1. Key Highlights 97

14.1.2. Latin America Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 98

14.1.3. Latin America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 99

14.1.4. Latin America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 101

14.1.5. Latin America Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 102

14.2. Brazil 103

14.3. Argentina 103

14.4. Peru 103

14.5. Chile 103

14.6. Colombia 103

14.7. Rest of Latin America 103

CHAPTER NO. 15 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – MIDDLE EAST 104

15.1. Middle East 104

15.1.1. Key Highlights 104

15.1.2. Middle East Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 105

15.1.3. Middle East Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 106

15.1.4. Middle East Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 108

15.1.5. Middle East Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 109

15.2. UAE 110

15.3. KSA 110

15.4. Israel 110

15.5. Turkey 110

15.6. Iran 110

15.7. Rest of Middle East 110

CHAPTER NO. 16 : MEDICAL DEVICE CONTRACT MANUFACTURING MARKET – AFRICA 111

16.1. Africa 111

16.1.1. Key Highlights 111

16.1.2. Africa Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 112

16.1.3. Africa Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 113

16.1.4. Africa Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 115

16.1.5. Africa Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 116

16.2. Egypt 117

16.3. Nigeria 117

16.4. Algeria 117

16.5. Morocco 117

16.6. Rest of Africa 117

CHAPTER NO. 17 : COMPANY PROFILES 118

17.1. Flex Ltd. 118

17.1.1. Company Overview 118

17.1.2. Product Portfolio 118

17.1.3. Swot Analysis 118

17.1.4. Business Strategy 119

17.1.5. Financial Overview 119

17.2. Jabil Inc. 120

17.3. TE Connectivity Ltd. 120

17.4. Sanmina Corporation 120

17.5. Nipro Corporation 120

17.6. Celestica Inc. 120

17.7. Plexus Corp. 120

17.8. Integer Holdings Corporation 120

17.9. West Pharmaceutical Services, Inc. 120

17.10. Benchmark Electronics Inc. 120

17.11. Recipharm AB 120

17.12. Gerresheimer AG 120

17.13. Kimball Electronics Inc. 120

17.14. Nortech Systems, Inc. 120

17.15. Nemera Development S.A. 120

17.16. Viant Medical Holdings, Inc. 120

17.17. Tecomet, Inc. (US), SMC Ltd. 120

17.18. Phillips- Medisize Corporation 120

17.19. Tessy Plastics Corp. 120

17.20. Carclo Pic 120

17.21. Nolato GW, Inc. 120

17.22. MeHow 120

17.23. Tekni-Plex 120

17.24. Peter’s Technology 120

CHAPTER NO. 18 : RESEARCH METHODOLOGY 121

18.1. Research Methodology 121

18.1.1. Phase I – Secondary Research 122

18.1.2. Phase II – Data Modeling 122

Company Share Analysis Model 123

Revenue Based Modeling 123

18.1.3. Phase III – Primary Research 124

18.1.4. Research Limitations 125

Assumptions 125

List of Figures

FIG NO. 1. Global Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 26

FIG NO. 2. Porter’s Five Forces Analysis for Global Medical Device Contract Manufacturing Market 33

FIG NO. 3. Company Share Analysis, 2023 34

FIG NO. 4. Company Share Analysis, 2023 35

FIG NO. 5. Company Share Analysis, 2023 35

FIG NO. 6. Company Share Analysis, 2023 36

FIG NO. 7. Medical Device Contract Manufacturing Market – Company Revenue Market Share, 2023 37

FIG NO. 8. Medical Device Contract Manufacturing Market Revenue Share, By Device Type, 2023 & 2032 43

FIG NO. 9. Market Attractiveness Analysis, By Device Type 44

FIG NO. 10. Incremental Revenue Growth Opportunity by Device Type, 2024 – 2032 44

FIG NO. 11. Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018, 2023, 2027 & 2032 45

FIG NO. 12. Global Medical Device Contract Manufacturing Market for IVD Devices, Revenue (USD Million) 2018 – 2032 46

FIG NO. 13. Global Medical Device Contract Manufacturing Market for Diagnostic Imaging Devices, Revenue (USD Million) 2018 – 2032 47

FIG NO. 14. Global Medical Device Contract Manufacturing Market for Cardiovascular Devices, Revenue (USD Million) 2018 – 2032 48

FIG NO. 15. Global Medical Device Contract Manufacturing Market for Drug Delivery Devices, Revenue (USD Million) 2018 – 2032 49

FIG NO. 16. Global Medical Device Contract Manufacturing Market for Orthopedic Devices, Revenue (USD Million) 2018 – 2032 50

FIG NO. 17. Global Medical Device Contract Manufacturing Market for Respiratory Care Devices, Revenue (USD Million) 2018 – 2032 50

FIG NO. 18. Global Medical Device Contract Manufacturing Market for Ophthalmology Devices, Revenue (USD Million) 2018 – 2032 51

FIG NO. 19. Global Medical Device Contract Manufacturing Market for Surgical Devices, Revenue (USD Million) 2018 – 2032 51

FIG NO. 20. Global Medical Device Contract Manufacturing Market for Diabetes Care Devices, Revenue (USD Million) 2018 – 2032 52

FIG NO. 21. Global Medical Device Contract Manufacturing Market for Dental Devices, Revenue (USD Million) 2018 – 2032 52

FIG NO. 22. Global Medical Device Contract Manufacturing Market for Endoscopy and Laparoscopy Devices, Revenue (USD Million) 2018 – 2032 53

FIG NO. 23. Global Medical Device Contract Manufacturing Market for Gynecology and Urology Devices, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. Global Medical Device Contract Manufacturing Market for Personal Care Devices, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. Global Medical Device Contract Manufacturing Market for Neurology Devices, Revenue (USD Million) 2018 – 2032 54

FIG NO. 26. Global Medical Device Contract Manufacturing Market for Patient Monitoring Devices, Revenue (USD Million) 2018 – 2032 55

FIG NO. 27. Global Medical Device Contract Manufacturing Market for Patient Assistive Devices, Revenue (USD Million) 2018 – 2032 55

FIG NO. 28. Global Medical Device Contract Manufacturing Market for Other Devices, Revenue (USD Million) 2018 – 2032 56

FIG NO. 29. Medical Device Contract Manufacturing Market Revenue Share, By Class of Device, 2023 & 2032 58

FIG NO. 30. Market Attractiveness Analysis, By Class of Device 59

FIG NO. 31. Incremental Revenue Growth Opportunity by Class of Device, 2024 – 2032 59

FIG NO. 32. Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018, 2023, 2027 & 2032 60

FIG NO. 33. Global Medical Device Contract Manufacturing Market for Class I Medical Device, Revenue (USD Million) 2018 – 2032 61

FIG NO. 34. Global Medical Device Contract Manufacturing Market for Class II Medical Device, Revenue (USD Million) 2018 – 2032 62

FIG NO. 35. Global Medical Device Contract Manufacturing Market for Class III Medical Device, Revenue (USD Million) 2018 – 2032 63

FIG NO. 36. Medical Device Contract Manufacturing Market Revenue Share, By Service, 2023 & 2032 65

FIG NO. 37. Market Attractiveness Analysis, By Service 66

FIG NO. 38. Incremental Revenue Growth Opportunity by Service, 2024 – 2032 66

FIG NO. 39. Medical Device Contract Manufacturing Market Revenue, By Service, 2018, 2023, 2027 & 2032 67

FIG NO. 40. Global Medical Device Contract Manufacturing Market for Device Development and Manufacturing Services, Revenue (USD Million) 2018 – 2032 68

FIG NO. 41. Global Medical Device Contract Manufacturing Market for Quality Management Services, Revenue (USD Million) 2018 – 2032 69

FIG NO. 42. Global Medical Device Contract Manufacturing Market for Packaging and Assembly Services, Revenue (USD Million) 2018 – 2032 70

FIG NO. 43. Global Medical Device Contract Manufacturing Market for Other Services, Revenue (USD Million) 2018 – 2032 71

FIG NO. 44. North America Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 76

FIG NO. 45. Europe Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 83

FIG NO. 46. Asia Pacific Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 90

FIG NO. 47. Latin America Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 97

FIG NO. 48. Middle East Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 104

FIG NO. 49. Africa Medical Device Contract Manufacturing Market Revenue, 2018 – 2032 (USD Million) 111

FIG NO. 50. Research Methodology – Detailed View 121

FIG NO. 51. Research Methodology 122

 

List of Tables

TABLE NO. 1. : Global Medical Device Contract Manufacturing Market: Snapshot 23

TABLE NO. 2. : Drivers for the Medical Device Contract Manufacturing Market: Impact Analysis 28

TABLE NO. 3. : Restraints for the Medical Device Contract Manufacturing Market: Impact Analysis 30

TABLE NO. 4. : Global Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 71

TABLE NO. 5. : Global Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 72

TABLE NO. 6. : Global Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 73

TABLE NO. 7. : Global Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 73

TABLE NO. 8. : Global Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 74

TABLE NO. 9. : Global Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 74

TABLE NO. 10. : North America Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 76

TABLE NO. 11. : North America Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 76

TABLE NO. 12. : North America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 77

TABLE NO. 13. : North America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 78

TABLE NO. 14. : North America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 79

TABLE NO. 15. : North America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 79

TABLE NO. 16. : North America Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 80

TABLE NO. 17. : North America Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 80

TABLE NO. 18. : Europe Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 83

TABLE NO. 19. : Europe Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 83

TABLE NO. 20. : Europe Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 84

TABLE NO. 21. : Europe Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 85

TABLE NO. 22. : Europe Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 86

TABLE NO. 23. : Europe Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 86

TABLE NO. 24. : Europe Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 87

TABLE NO. 25. : Europe Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 87

TABLE NO. 26. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 90

TABLE NO. 27. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 90

TABLE NO. 28. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 91

TABLE NO. 29. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 92

TABLE NO. 30. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 93

TABLE NO. 31. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 93

TABLE NO. 32. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 94

TABLE NO. 33. : Asia Pacific Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 94

TABLE NO. 34. : Latin America Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 97

TABLE NO. 35. : Latin America Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 97

TABLE NO. 36. : Latin America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 98

TABLE NO. 37. : Latin America Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 99

TABLE NO. 38. : Latin America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 100

TABLE NO. 39. : Latin America Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 100

TABLE NO. 40. : Latin America Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 101

TABLE NO. 41. : Latin America Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 101

TABLE NO. 42. : Middle East Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 104

TABLE NO. 43. : Middle East Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 104

TABLE NO. 44. : Middle East Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 105

TABLE NO. 45. : Middle East Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 106

TABLE NO. 46. : Middle East Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 107

TABLE NO. 47. : Middle East Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 107

TABLE NO. 48. : Middle East Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 108

TABLE NO. 49. : Middle East Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 108

TABLE NO. 50. : Africa Medical Device Contract Manufacturing Market Revenue, By Country, 2018 – 2023 (USD Million) 111

TABLE NO. 51. : Africa Medical Device Contract Manufacturing Market Revenue, By Country, 2024 – 2032 (USD Million) 111

TABLE NO. 52. : Africa Medical Device Contract Manufacturing Market Revenue, By Device Type, 2018 – 2023 (USD Million) 112

TABLE NO. 53. : Africa Medical Device Contract Manufacturing Market Revenue, By Device Type, 2024 – 2032 (USD Million) 113

TABLE NO. 54. : Africa Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2018 – 2023 (USD Million) 114

TABLE NO. 55. : Africa Medical Device Contract Manufacturing Market Revenue, By Class of Device, 2024 – 2032 (USD Million) 114

TABLE NO. 56. : Africa Medical Device Contract Manufacturing Market Revenue, By Service, 2018 – 2023 (USD Million) 115

TABLE NO. 57. : Africa Medical Device Contract Manufacturing Market Revenue, By Service, 2024 – 2032 (USD Million) 115

 

Frequently Asked Questions:

What is the projected growth of the global medical device contract manufacturing market?

The global medical device contract manufacturing market is expected to grow from USD 74,391.62 million in 2023 to USD 1,39,668.90 million by 2032, with a CAGR of 7.25% from 2024 to 2032.

What factors are driving the growth of the medical device contract manufacturing market?

The market is driven by the increasing demand for advanced medical devices, the push for cost efficiency, technological advancements, and stringent regulatory compliance requirements.

Which regions dominate the medical device contract manufacturing market?

North America holds the largest market share at 35%, followed by Europe at 30%. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period.

Who are some of the key players in the medical device contract manufacturing market?

Key players include Jabil Inc., TE Connectivity Ltd., Sanmina Corporation, Nipro Corporation, Celestica Inc., Plexus Corp., and Integer Holdings Corporation.

What are the emerging trends in the medical device contract manufacturing market?

Emerging trends include the adoption of advanced manufacturing technologies, integration of IoT and AI, a focus on sustainability, and the rise of customization and personalization in medical devices.

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